3107 Coral Reef CtKitty HawkNC27949
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Kitty Hawk at 3107 Coral Reef Ct, Kitty Hawk, NC, 27949 at $389,900 posts ROI 30.16% with $1,104/mo cash flow from $3,480/mo rent. Total monthly income equals $3,480/mo, and annual cash flow records $13,249/yr on $129,252 to close. Return on cash invested measures 30.16% and rental yield reads 10.71% at the current $389,900. Equity gained on principal adds $2,516/yr, and 5% annual appreciation supports $107,722 by year five. Five-year ROI prints 157.71% and total cumulative return in cash totals $203,845.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,480/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27949, Kitty Hawk, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,943 (100%) |
| Owner Occupied HU | 3,354 (37.5%) |
| Renter Occupied HU | 513 ( 5.7%) |
| Vacant Housing Units | 5,076 (56.8%) |
| Median Home Value | $609,479 |
| Average Home Value | $682,932 |
Housing Distribution
Address Breakdown
Residential
4,417
Single Family
4,102
Multi-Family
315
Businesses
624
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Listed by: The VanderMyde Group Team • Coldwell Banker Seaside Realty - KDH
Mls Name: OBAR
Mls Provider:
Mls ID: #128080
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.